I wonder how many of the RDF holders on HC have chickened out and sold their RDF?
On the chart, it looks to be in a definite downtrend now, with all the moving averages having crossed over, the MACD heading south, and the ADX showing a strong downtrend.
RDF is one of my long-term holds, and while it galls me to see profits heading back onto the table, I'm still reasonably well up on my cost price. On the fundamentals, there is no reason to sell RDF, but as a chartie, it certainly is a worry when I see all the ducks lined up in a downtrend like this.
Not sure what RDF can do to reverse this sentiment, even after announcing the 15 million dollar contract with Lockheed-Martin. Maybe Houston will turn into a strong market and a couple of positive press articles might do the trick - who knows?
I'm looking at RDF as a 3-5 year play, but it would sure be nice to see this current downtrend turn back up, or even just head sideways to consolidate for a while!
RDF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
